16-43
CurrentFailure to withhold: administrative penalty for exempt Australian government agency in relation to payment to foreign resident etc
Volume 1Parts I to V (sections 1 to 18), Schedule 1, Chapter 2, Part 2-1 to Part 2-5 (sections 6-1 to 21-5)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 2Collection, recovery and administration of income tax
Part 2-5Pay as you go (PAYG) withholding
Division 16Payer’s obligations and rights
Subdivision 16-ATo withhold
16-43 Failure to withhold: administrative penalty for exempt Australian government agency in relation to payment to foreign resident etc
An *exempt Australian government agency that:
(a)
fails to withhold an amount as required by Division 12 from a *withholding payment covered by Subdivision 12‑FB (about payments to foreign residents); or
(b)
fails to pay to the Commissioner an amount as required by Division 14 in respect of a withholding payment covered by that Subdivision;
is liable to pay to the Commissioner a penalty equal to that amount.
Note:
Division 298 in this Schedule contains machinery provisions for administrative penalties.
This Act’s bill:Second reading speech
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